Saudi Arabia, Jared Kushner and Electronic Arts
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Jared Kushner’s private equity firm and Saudi Arabia’s sovereign wealth fund are some of the investors teaming up to take the video game giant private.
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Electronic Arts to Sell for $55 Billion in Deal Involving Donald Trump's Son-in-Law
On Monday, an additional Saudi-related Trump deal became public: a $1 billion Trump Plaza project in Jeddah from real estate developer Dar Global, the same company that previously launched a Jeddah Trump Tower. Jared Kushner expressed excitement about the Electronic Arts deal in a statement.
Video game firm Electronic Arts is set to be acquired for about $55 billion in an agreement involving Saudi Arabia's Public Investment Fund, a private equity group and an investment firm founded by Jared Kushner,
Mr. Kushner’s private equity firm, Affinity Partners, is said to be in talks with the Saudi sovereign wealth fund and Silver Lake to buy out the video game giant.
The $55 billion deal would make EA private, with Saudi Arabia’s PIF and Kushner-backed firms taking control amid gaming and political controversy.
The deal, led by Ivanka Trump’s husband Jared Kushner, is set to make shareholders $210 per individual share in the biggest leveraged buyout on record
Plus, Scott Bessent’s phone reveals fault lines in MAGA world, Elon Musk shows up in the Epstein files and more — all in this week’s Tuesday Tech Drop.